Oscars 2014 Red Carpet

All eyes are on the red carpet as celebrities are honoring their achievements in the film industry.
3:00 | 03/02/14

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Transcript for Oscars 2014 Red Carpet
Hamish, thank you. We're going to switch gears California back here at home where tonight allare plastic tent covering it all, the plastic tarp over the giant Oscar statue. As we mentioned a moment ago, tonight that is all gone. Umbrellas still handy but hopefully thoughter rpri1 O will Sr and "Gma's" Lara Spencer is right T Lara, take it wy Reporter: Good evening, David, from Hollywood. The oscars will begin in just a few moments, but already here on the red carpet, the action has started. ♪ competition for tonight WBE as intense T screen. To make sure all goes well, a huge plastic installed this week along T 500-foot red carpet to protect againsthe it was taken down overnight as let's hope that holds. Expect a photo finish in the Oscar horse race for this year's front runners, "12 Can I speak of what did not occur? Reporter: "American hustle." Bring something into this house that's going to take all the nutrition out of our food and then light our house on fire. Reporter: And "Gravity." Houston, this is mission specialist Ryan stone. Reporter: But any of the And the Oscar goes to -- Reporter: And Oscar history could be made tonight as Steve Mcqueen could become the first black filmmaker to win in ty.nso cud- ain This really has been a dream of mine since I was a little girl. Reporter: Carrying the biggest burden, though, tonight would be Ellen DeGeneres hosting for just the second time.h oo C S a scariest thing you can do right up there wee jpng.- a fun show. Gua it. There may even be a little dancin back to you in New York. Roberts for the oscars, "Red carpet live" special moments away on ABC and in the meantime,

This transcript has been automatically generated and may not be 100% accurate.

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